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The EU's Markets in Crypto-Assets (MiCA) regulation is causing significant changes in the euro stablecoin market. According to Kaiko Research, MiCA-compliant stablecoins are gaining market share. MiCA has introduced strict regulations, including a ban on algorithmic stablecoins. This has led to increased scrutiny of stablecoins like TUSD, USDT, and USDC. TUSD's claims of full backing have been questioned since 2022, while USDT faces ongoing scrutiny over transparency and collateral. Meanwhile, the UK, Singapore, and Dubai are adopting a more lenient approach to stablecoin regulation. A Binance report highlights that global regulators are sharpening their tools in response to the evolving stablecoin landscape.
Study: Euro Stablecoin Market Transformed by MiCA https://t.co/SMUmF4ceme
Binance Report: Global Stablecoin Regulations Heating Up Binance just released an in-depth report on stablecoin regulations, and it’s clear - regulators are sharpening their tools. The EU’s MiCA is leading the charge with strict rules, banning algorithmic stablecoins entirely.… https://t.co/yvlRN8m4V4
Stablecoin Wars: Regulators Tighten the Noose Binance just dropped a report on how regulators across the globe are coming for stablecoins. EU’s has their strict MiCA laws - no more algorithmic stables. Meanwhile, the UK, Singapore, and Dubai are playing it cooler but still… https://t.co/P6pZwaukGb
